in October 18th, price stability of xylene. The central branch of Sinopec Changling refinery, xylene: Wuhan petrochemical, China Petrochemical 4700 yuan / ton. Sinopec Southern China Guangzhou Petrochemical Company solvent xylene: the implementation of 5950 yuan / ton, Maoming petrochemical price 5700 yuan / ton; heterogeneous xylene: Guangzhou petrochemical, Zhanjiang Dongxing are the implementation of 5850 yuan / ton. North China sales company Sinopec Qingdao refinery, Tianjin: xylene ethylene and Shijiazhuang refinery implementation of 4700 yuan / ton. Sinopec East China sales company xylene: Yangzi BASF, Zhenhai Refinery quote out 5900 yuan / ton. Liaoning huajintongda chemical Limited by Share Ltd xylene quotation implementation of 5810 yuan / ton, price stability.
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Oil prices fell, the supply of excess supply fears, surge in trading volume trend of American crude oil prices fell below $50. But the market expects the U.S. shale oil production will decline, the decline is limited. In addition, on Friday Beck Hughes report oil services business continued to put pressure on U.S. crude oil. The report shows that the United States has increased four oil drilling platform. On Monday, the dollar index fell modestly, the New York fed manufacturing index fell sharply by 6.8%, the dollar index under pressure. In addition, Tuesday morning the Fed vice chairman Fisher made a speech warning of low interest rate risk, and that the Fed cannot control all the factors lead to falling interest rates. Fisher spoke after the dollar fell, the dollar / yen hit intraday low. The dollar index fell to provide some support for oil prices. The oil market by the organization of Petroleum Exporting Countries (OPEC) are expected to support a month later may take action to support oil prices, but oil prices still excess oil prices under pressure is expected to decline in the price of xylene.
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